Property Description

Discover this rare, seller financing, investment opportunity just 8 minutes from the Leland Walmart and U.S. Highway 17 — ideally located in one of the fastest-growing corridors in coastal North Carolina.

Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month.

With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and with 5.93 acres of usable space, an investor could add additional homes and restore the park to its full capacity.

The owner currently carries general liability insurance and is responsible for yard maintenance, making this a smooth handoff for new ownership.

Features
: Electric
Address Map
US
NC
Brunswick
Leland
28451
Garretts
1150
Way
W79° 56' 54.9''
N34° 14' 4.6''
From Hwy 17 - Turn onto Lanvale Road, go 2.6 mi, them make right onto King Rd NE. Go .21mi. parcel is on the right. From Hwy 74 - Take the Mt.Misery/Lanvale Rd NE Leland Exit. Go 1.33mi. Turn left onto King Rd NE. Go .21 mi. The parcel is on the right.
NE
Co-R-6000
MLS Addon
East Atlantic Realty LLC
Adam Hashem
Yes
Yes
$0
Additional Information
5000
Other
: Multi-Family, Mobile Home Park
: Wooded, Open Lot
328 x 674
7
2025-10-15
Listing Information
579514011
579503551
Active
2026-06-08T23:27:13Z
HiveMLS
: Standard
2025-10-15T14:31:42Z

1150 Garretts

1150 Garretts Way Ne, Leland, North Carolina 28451

5.93 Acre
$1,500,000
Listing ID #100536239
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
MLS ID : f90e65f434ed61cbbb4cf597610a1564
Listing ID : 100536239
Price : $1,500,000
Lot Area : 5.93 Acre
Status : Active
Property Sub Type : Multi Family
Agent info
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